April 28 Morning Bitcoin Analysis

Looking at the current market, after the price finished its high-level pressure and started to fall back, the deep bottoming adjustment has basically taken hold. Currently, it is oscillating and building a base in the low range, with overall market sentiment being cautious.

At present, it is only in the early stage of a weak rebound, and the price has not yet effectively broken through the oscillating range after the decline. The short-term rebound strength is limited.

The key resistance is concentrated in the 78,500–79,500 range. Without sufficient trading volume and the ability to firmly hold this resistance level, the market will continue to oscillate weakly. Traders can take advantage of the short-term rally to short and profit from the pullback.

Below, 76,500 is a core strong support. Once the price stabilizes and builds a bottom here, it will be an excellent opportunity to gradually add long positions at low levels, betting on a subsequent technical rebound to recover the trend.

Operational reference
Lightly position long orders in the 76,500–77,000 range, with a short-term target near 78,500.